Equitas Small Finance Bank will open its initial public offering (IPO) on October 20 (Tuesday). Equitas Small Finance Bank is the wholly-owned subsidiary of NBFC Equitas Holdings and its issue will close on October 22. This would be the third small finance bank to come out with IPO after AU Small Finance Bank and Ujjivan Small Finance Bank. Equitas Small Finance Bank has fixed the issue price in the price band of Rs 32-Rs 33 per share. Given the current macro environment, we thought it would be prudent to reduce the issue size," PN Vasudevan, CEO, Equitas Small Finance Bank said as quoted by CNBCTV18.

Source: dna October 20, 2020 01:07 UTC